Tax & Financial Planning . . .

Federal, State and Local Reporting

We are experienced in preparing thousands of tax returns each year, for a variety of clients in a variety of venues, both at the state and federal levels. We utilize some of the best preparation and research technology available to assist us in our efforts.

Our experts have established procedures for preparing, proofing, reviewing and processing client returns. No return leaves the office without being reviewed by a senior member of the staff and each return is signed by the responsible CPA. Quality and accuracy are important to minimize regulatory inquiries. We are also highly sensitive to filing deadlines and the current tax calendar which establishes specific deadlines for individuals and businesses.

Tax Planning and Research

While tax preparation is important, we work with our clients to properly plan their tax liabilities and the consequences of their business decisions. We can assist in entity selection, transaction analysis (before and after the fact), long range planning and general research to effectively plan and control the tax implications of transactions.

Working in close contact with each individual or organization, strategies can be developed which can assist each client to properly plan legitimate and advantageous tax positions.

A complete, up-to-date tax and reference library is maintained for tax research and to monitor ongoing changes in tax legislation. Pertinent information and tax modifications are disseminated to clients and staff.

IRS and Regulatory Examinations

Occasionally, a return or transaction will be subjected to review by a regulatory agency. Our team of professionals has experience before the Internal Revenue Service and many state and local agencies. Under a valid Power of Attorney, we can often represent your interests and satisfactorily resolve inquiries or disputes.

Estate and Trust Matters

Few generations have seen the growth of their assets as have the current "baby boomers". Retirement plans, stock options and deferred compensation plans have allowed many clients to accumulate vast amounts of wealth. The challenge many of our clients face is multifaceted:

How do you pass wealth to the next generation without incurring an inordinate amount of tax liability? How do you transfer assets to a recipient at an age where he or she has the maturity to manage the assets? Are there ways to give funds to a charity in the future, but keep the income for during my lifetime?

The professionals in our tax group have extensive experience and training in estate and trust matters and can help clients answer those important questions. As the professionals most familiar with the details of many aspects of a client’s financial matters, we are often in the best position to lead a team of attorneys, insurance professionals and investment advisors to arrive at client solutions that are practical and understandable.

We have helped plan the estates of many clients by suggesting practical methods of transferring assets according to the clients’ wishes, both during their lifetime and after death. The establishment of Family Limited Partnerships to hold operating assets, planned giving programs, sales of closely-held stock, insurance trusts, and succession planning are but a few of the methods we have suggested as part of the estate planning team.

After the planning has been done, our professionals have assisted in the proper implementation and monitoring of the plan steps, a key and pivotal element necessary to assure that the ultimate wishes of the client are carried to fruition.

We are also skilled in the planning, administration and reporting of both simple and complex trusts. Our clients have implemented everything ranging from simple revocable trusts ("Living Trusts") to complex charitable remainder annuity trusts and we are available to assist them in every aspect of their administration.

Financial Planning

Financial planning is not rocket science. It involves the combination of planning skills, a good sound technical knowledge of the tax environment, and, above all, a close working relationship with the client.

Our relationships are built on a long history of trust and caring. When clients trust their advisor, they feel more free to discuss personal matters related to their financial future, including issues related to family matters and estate planning. Combined with strong planning and technical skills, our professionals can craft a plan which is tailor made for each client and which is independent of commissions or brokerage fees.

A Certified Financial Planner TM on our staff is available to assist you in this important part of securing your financial future.

Sales Tax Compliance and Auditing

Sales and Use taxes are an important revenue source for many states. As revenue and budget pressures continue, states are becoming increasingly aggressive in their efforts to impose and collect sales and use taxes. Members of our tax group are familiar with the issues facing our clients as they operate in their home state, and have assisted them in investigating the issues related to nexus as they move into "foreign" states.

Other Services

As a natural consequence of operating a business, clients often require specialized services for employee benefit plan reporting and administration, planning and assistance with corporate mergers, acquisitions and liquidations. We stand ready to assist in that regard or bring other specialized providers into the team to assist.

For further information please contact Tamara J. Burroughs, CPA.

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